I oso same case.. haha only manage to get 89% loan, and have to pay up 1% to TT.. but adi settled last month

Under the 2010 Budget, the government proposed a fixed tax rate of 5 - 30 per cent on gains from the disposal of real properties effective January 1 next year.

Any thought for those who invest The Zest?

This post has been edited by yhoong: Oct 27 2009, 05:13 PM

I suggest you to read carefully again on the RPGT. There is a thread on it already.

Untill now, i know that the minister of finance say that all RPGT will be tax @5%,

But the Inland Revenue Department say different thing.. disposed within 1-2yrs @30%, 3 yrs @ 20% 4yrs @15% and 5yrs and above @ 5% and the calculation of the tax is using a FORMULA (whereby your gain on the disposal of property is NOT directly multiply by the tax rate)

This really boleh land....... what also can happen...This 2 deparments are going to announce the final conclusion within this few days.. lol

The acquirer of the property (ie the buyer) they need to submit the IRD CKHT 2 forms TOGETHER WITH 2% OF THE PURCHASE PRICE OF THE PROPERTIES TO THE IRD within 60 days. (that means you only pay 98% of the purchase price to the seller) If not the IRD will come and look for you if the seller is subject to RPGT. Take note of this rule.....

For the seller, they need to submit the IRD CKHT 1 forms within 60days and they need to calculate the RPGT. You can claim for refund or pay the balance of tax due if the 2% that had been retained to the IRD by the buyer is greater or (lesser) than the actual tax amount.

By the way as a INDIVIDUAL you will get a relief of RM10,000 or 10% of the chargeable gain, whichever is greater, to less out your chargeable gain and calculate the tax.

Every INDIVIDUAL will also have a ONCE IN A LIFETIME EXEMPTION when you dispose any ONE of your properties. (That menas no need to paid any RPGT for the property). So think TWICE before you elect for this ONCE IN A LIFETIME EXEMPTION.

Hope the informations will help you when you decide to sell off your property

Mind to share where you got that piece of info from IRB? Cause what's stated in the IRB website is not applicable after 31 March 2007 and there isn't any update based on the 2010 Budget.

Just attend the seminar from CTIM (chartered tax institute of Malaysia) and was informed by the speaker..

The speaker said most likely that the 5% tax rate will be applied an not the IRD formula.

http://ritawong.reapfield.com/2009/10/25/m...gains-tax-rpgt/


This post has been edited by Doraemon001: Oct 27 2009, 09:24 PM

What abt husband and wife who disposed off one property previously under joint names, are they exempted on a 2nd property disposal if it is also joint names? How does it work? Appreciate anyone can clarify. tks.

Once a woman marries, she will lose her once in a lifetime exemption if she hasn't used it before she marries. Therefore, the second property is subjected to tax.

Tq for the info MFLooi.

just got an sms frm my sales rep...the showroom will finally be opened on 14 Nov 2009!

Good news thou. Hopefully there will be no delay this time ...

yep, fingers crossed

so, any meeting up or yumcha sessions to be on?

haha, finally the showroom is ready to open for public

thanks ya..finally can have a look for the showroom lo..waiting for so so long.but is it really got the showroom?hope they not tipu and tipu again..

will it be type B or type A that is the showroom?

Type B

lets see how well they have done up the ID part.

Now i understand how the show unit can fit into TT office...

From the shoplot dimension that we had seen, its about 24x79. However, from the photo took by babana, and also the shop plan below, it seems that TT office is a combination of 2 shoplot (lot WW-10), thus the space is wide enough to showcase Type B unit.



This post has been edited by eugene jk: Oct 28 2009, 11:11 PM

TZ signage is really a statement along the Puchong-Sg Besi Highway. all my colleagues know about this development after they put up the signage.

hey guys,

I'm a buyer, Tower B, 20th Floor.

So when's the next yamcha session..?